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riba, gharar & maysir

Total questions: 8

Worksheet time: 4mins

Name
Class
Date
1.

Gharar is divided into two namely ....

a)

yasir & farid

b)

yasid & fahish

c)

yasir & fahish

2.

what is major gharar?

a)

it is so vague that there is means of quantifying it

b)

an uncertainty which is so great that it becomes unacceptable

c)

betting or charging something that will be forfeited if one fails to obtain the greater gain that one hopes for

3.

All the following are rules of exchange of ribawi materials except ....

a)

Materials must be of the same weight, measurement or number of units

b)

Payment must be on cash terms

c)

payment of the price and delivery of the goods are made at two different times

4.

what is riba buyu’u ?

a)

occur out of an exchange between two ribawi materials of the same kind where the necessary rule(s) are not observed

b)

the ribawi materials (of the same kind) exchanged are of different weights, measurements or numbers and they are exchanged at the same time

c)

the extra amount of money over and above the principal of the loan

5.

Below this are the rationale of prohibition of riba except

a)

Riba is Unearned Income. In the case of profit, a person has worked hard to earn the profits

b)

Riba is Exploitation of the Needy • The usury is charging for loans to the poor.

c)

The riba or usury is a mechanism by which 'the poor get richer and the rich get poorer' .

6.

surah al-nissa : 161 explain about

a)

prohibited the charging of double & multiple riba

b)

conclusively prohibited all forms of riba

c)

riba was prohibited for jews

7.

tips to avoid riba is ...

a)

Opening up bank accounts with interest

b)

Making bill payments after due date

c)

Choosing halal investments

8.

what is profit?

a)

return on trade

b)

stipulated surplus of debt

c)

deals only with money